Coty Inc has launched a new global stock offer, even as it said it had applied for dual-listing of its shares on the Paris Stock Exchange.
The beauty products giant is offering 33 million shares globally, adding that it will use the proceeds to reduce its debts while investing in the business.
Coty also confirmed plans to list its shares in France, following announcements earlier in the year. The move is expected to help it tap into interest from European investors. Coty is currently listed only on the New York Stock Exchange.
